Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help! Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each
please help!
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Standard Quantity Standard Rate Shampoo 2.8 oz. $ 0.40 per os Water 26. gal. $ 0.04 per gal. Direct labor 1.6 hr. $12.00 per hr. Standard Unit Cost $ 1.12 1.04 19.20 During the month of July, Collin's employees gave 460 baths. The actual results were 780 ounces of shampoo used (cost of $405.60). 7600 gallons of water used (cost of $608), and labor costs for 400 hours (cost of $5,400). Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month of July Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July (Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance)) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Required Required 2 > Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Standard Quantity Standard Rate Shampoo 2.80 $ 0.40 per os Water 26 gal. $ 0.04 per gal. Direct labor 1.6 hr. $12.00 per br. Standard Unit Cost $ 1.12 1.04 19.20 During the month of July, Collin's employees gave 460 baths. The actual results were 780 ounces of shampoo used (cost of $405,60) 7,600 gallons of water used (cost of $608), and labor costs for 400 hours (cost of $5,400). Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July 2. Calculate Suds & Cuts direct labor variances for the month of July, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts direct labor variances for the month of July, (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Round your answers to nearest dollar amount) Direct Labor Rato Varianco Direct Labor Efficiency Varianco Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started